--- title: "HSN Code for Bars and Rods of Alloy Hot-Rolled Steel | HSN 72071920 GST Rate" description: "Find HSN and GST Rates for 72071920 related to Bars and Rods of Alloy Hot-Rolled Steel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-72071920/" --- # HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/) - [Sub-chapter 7207: Semi-finished Steel](https://busy.in/hsn/sub-chapter-7207/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Containing by weight less than 0.20% of carbon : Other : Mild steel billets | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 72071920 ? It includes Bars and Rods of Alloy Cold-Rolled Steel ### Do e‑way bill and e‑invoice apply for Bars and Rods of Alloy Hot-Rolled Steel? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Any common misclassification issue with Bars and Rods of Alloy Hot-Rolled Steel? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Bars and Rods of Alloy Hot-Rolled Steel is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bars and Rods of Alloy Hot-Rolled Steel; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Bars and Rods of Alloy Hot-Rolled Steel? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### How much GST applies to Bars and Rods of Alloy Hot-Rolled Steel? Under HSN 72071920, Bars and Rods of Alloy Hot-Rolled Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 72071920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹882 Cr (−55.34% YoY) — 0.0240% of India's total exports - Imports: ₹518 Cr (−14.50% YoY) — 0.0085% of India's total imports - Trade balance: ₹364 Cr (Surplus); surplus rank #801 of 12657 HSN codes - Share of Sub-Chapter 7207: 27.98% of its exports; import side 46.36% - Rank within Sub-Chapter 7207: #2 of 15 by export value; import-side #1 ### Key metrics - Export CAGR: -26.71% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #582 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +89.88% in FY 2020-21 - Contribution to Sub-Ch. 7207: 27.98% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 72071920 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 7207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7207 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 5,694.11 | 0.2492% | — | 73.54% | 169.69 | 0.0047% | — | 12.88% | +5,524.42 | #46 | | FY 2019-20 | 5,418.08 | 0.2461% | −4.85% | 64.41% | 290.17 | 0.0087% | +71.00% | 75.08% | +5,127.91 | #46 | | FY 2020-21 | 10,287.90 | 0.4783% | +89.88% | 51.70% | 218.97 | 0.0075% | −24.54% | 52.66% | +10,068.93 | #30 | | FY 2021-22 | 11,501.79 | 0.3665% | +11.80% | 52.36% | 39.31 | 0.0009% | −82.05% | 39.17% | +11,462.48 | #33 | | FY 2022-23 | 4,740.03 | 0.1309% | −58.79% | 62.54% | 384.64 | 0.0067% | +878.48% | 23.74% | +4,355.39 | #96 | | FY 2023-24 | 1,975.73 | 0.0546% | −58.32% | 49.75% | 606.25 | 0.0108% | +57.61% | 29.88% | +1,369.48 | #252 | | FY 2024-25 | 882.41 | 0.0240% | −55.34% | 27.98% | 518.34 | 0.0085% | −14.50% | 46.36% | +364.07 | #582 | - CAGR (7-year): exports -26.71%/yr, imports 20.46%/yr (consistently Surplus) ## Key trade insights: HSN Code 72071920 export-import analysis ### Export decline: -26.71% CAGR over 7 years India's exports under HSN Code 72071920 have declined at a compound annual rate of -26.71% over 7 fiscal years, falling from ₹5,694.11 Crore in FY 2018-19 to ₹882.41 Crore in FY 2024-25. ### HSN Code 72071920 ranked #582 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 72071920 ranks #582 out of 12657 HSN codes by total export value. Within Sub-Chapter 7207, it ranks #2 of 15. By trade surplus, it ranks #801 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 72071920 exports The strongest single-year export movement for HSN Code 72071920 was recorded in FY 2020-21, when exports surged by 89.88% over the prior year. ### India maintains a trade surplus of ₹364.07 Crore in HSN Code 72071920 goods In FY 2024-25, India's exports of ₹882.41 Cr exceeded imports of ₹518.34 Cr, resulting in a trade surplus of ₹364.07 Crore — ranking #801 of 12657 by surplus magnitude. ### Import growth of 20.46% CAGR signals rising demand for Bars and Rods of Alloy Hot-Rolled Steel India's imports under HSN Code 72071920 have grown at 20.46% CAGR, reaching ₹518.34 Crore in FY 2024-25. ### HSN Code 72071920 contributes 27.98% of Sub-Chapter 7207 exports — ranked #2 Among the 15 HSN codes under Sub-Chapter 7207, HSN Code 72071920 ranks #2 by export value — accounting for 27.98% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.36% share (rank #1). ## Related HSN Codes in Sub-Chapter 7207 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 72071290: Other Wire Rods](https://busy.in/hsn/hsn-72071290/) | ₹2,142 Cr | | #2 | HSN Code 72071920: Bars and Rods of Alloy Hot-Rolled Steel (this hsn code) | ₹882 Cr | | #3 | [HSN Code 72071190: Other Semi-Finished Steel Products](https://busy.in/hsn/hsn-72071190/) | ₹53 Cr | | #4 | [HSN Code 72071990: Other Hot-Rolled Bars and Rods](https://busy.in/hsn/hsn-72071990/) | ₹48 Cr | | #5 | [HSN Code 72072090: Other Cold-Rolled Bars and Rods](https://busy.in/hsn/hsn-72072090/) | ₹16 Cr | | #6 | [HSN Code 72071910: Bars and Rods of Non-Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72071910/) | ₹5 Cr | | #7 | [HSN Code 72071110: Semi-Finished Products of Iron or Non-Alloy Steel](https://busy.in/hsn/hsn-72071110/) | ₹2 Cr | | #8 | [HSN Code 72071120: Semi-Finished Alloy Steel Products](https://busy.in/hsn/hsn-72071120/) | ₹2 Cr | | #9 | [HSN Code 72072010: Bars and Rods of Non-Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72072010/) | ₹1 Cr | | #10 | [HSN Code 72072030: Bars and Rods of Stainless Cold-Rolled Steel](https://busy.in/hsn/hsn-72072030/) | < ₹1 Crore |